European shares fall for fifth day as real estate stocks tumble

By Bansari Mayur Kamdar and Sruthi Shankar -European shares fell for a fifth day in a row on Wednesday, with real estate stocks hammered by bearish brokerage comments on UK landlords, whileSaltWire's Atlantic regional weather forecast for September 27, 2023 | SaltWire -European shares fell for a fifth day in a row on Wednesday, with real estate stocks hammered by bearish brokerage comments on UK landlords, while negative corporate updates dented shares of Dutch insurers and Swiss bank UBS.

The STOXX 600 looked set for its first quarterly loss in four, with the German DAX among the worst regional performers. "Obviously it paid out a chunk of compensation, but with consumer groups now saying that the compensation was too low, that does ring warning bells." Meanwhile, the risk premium of Italian government debt over the German sovereign hit its highest since May ahead of Italy's announcement of its budget plan.

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